The Ketchum keystone. [volume] (Ketchum, Idaho) 1885-1899, 1887-12-17
MINING SUMMARY.
What IL Being Done in the Surround
inx Districh---0emefal loWa


The Black Spar Mining and Mill
ing Company has been organized
by a number of eastern capitalists,
and in November last was incorpo-
rated under the laws of the state OF
Illinois, with a capital stock of five
million dollars, by Joseph Gum
mers bach, August i. Butte and
Charles N. Hahn as incorporators.
The property of the new company
consists of the Black Spar, Good
Hope and Silver Wedge mining
claims, located in Muldoon district,
formerly owned by Sam Wilson.
Some months ago Mr.. George B.
Smythe, Jr., of HALEY, went to St..
Louis for the purpose of interest
ing parties there in the property,
and persevered in his endeavor
until he had made a sale. He re-
turned to Wood River a few days
ago, and will be identified with the
new company as it's general mana
ger. The report of the expert, Mr..
E. Hagen, shows the three claims
to be valuable property, the prin-
cipal work Of development having
been done on the Black Spar, which
shows a considerable amount of
first-class ore in sight and on the
dump. Two tunnels have been
driven a distance of 100 feet, and
during the winter manager Smythe
will keep a force Of twelve men
employed on development work,
which number will be increased to
twenty-five early in the spring. The
company will erect concentrating
works in the spring, and expect to
transport ore either to Denver or
Belleville, Illinois, which is COM
ing into considerable prominence
as smelling point. In addition
to this sale other properties in Null
doom district are being examined
with strong probability of a sale
being effected. Muldoon has had
its backsets, but the claim-owners
there feeling confident that there
was real merit in them have pa
tiently awaited until capital came
to their assistance, and with the
formation of the Black Spar COM
pany with strong financial back
ing, it is apparent that a start in
this direction has been made.
PINE GROVE DISTRICT.
The st. Louis Republican of No
vember 9th, publishes a lengthy
interview with w. X. Johnson, a
mining expert, just returned from
Idaho, where he had been inspect
ing some mining property in the
interest of st. Louis parties. The
property is located at Pine Grove,
in the northwest portion of Alturas
county, about % miles from Rocky
Bar. This is a new district, and
the mines which Mr.. Johnson pro-
poses to buy for his eastern princi-
pals are known as the Gold Hill,
Mammoth and Ramrod. A clearly
defined vein is found in each of the
claims running their entire length,
samples from which show an aver
age value of $50 per ton in free
milling gold ore. A ton of the ore,
taken at random, run $40, and
careful estimates show at least
$4,000 in sight. A shaft has been
sunk on each Of the claims, the
deepest only 40 feet down, and they
are still further developed by a
of tunnels from which the
ore can be delivered direct to mill.
The property is located on the
South Boise river, and the con-
struction of ditch one and a
quarter miles in length will provide
ample power to run a mill, which,
if the purchase is contaminated,
will be built early next spring. MIR.
Johnson. accompanied by one of
the gentlemen interested in the pro-
posed purchase, is expected to ar
rive at Rocky Bar this week to
the deal and take pos
session Of the property.
THE ALTURAs GOLD, LIMITED.
The Financial News, of London,
under date of November
18th, contains the report of Captain
Anthony regarding the property OF
the Alturas Gold Company, limited,
at Rocky Bar, in this county, to-
gether with two illustrations show
ing the principal workings, and a
speech delivered by Mr.. NJ. G. For
man, chairman of the board. Both
the remarks Of the chairman and
the report submitted by Captain
Anthony are peculiar, and the un-
controverted statements had the
effect of creating the widest enthu-
siasm among the stockholders.
Mr.. Forman in his speech said:
The property was now fully in posses
sion Of the company, and recorded in the
books of Alturas county, and that he be-
lieved the property to be one Of the best
in the United States. Dividends had
stopped because they found it the best
policy to pay the vender $50, 600 to ens-
Bile him to have the title transferred to
and recorded IN the name of the c0mpa-
ny. He promised that on the receipt Of
the next months profits they would re